Which of the following is most likely to reduce a federal budget surplus?
A. Lower inflation and lower unemployment rates.
B. A booming economy with rising inflation rates.
C. A recession.
D. Higher inflation and higher unemployment rates.
Answer: C
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Refer to Figure 9.2. A movement from point a to point c could be caused by a(n)
A) increase in government spending. B) decrease in the price of oil. C) increase in taxes. D) increase in short-run aggregate supply.
Three variables are related and two of them are plotted in a figure. If the variable that is not measured on either the x-axis or the y-axis changes, then there is
A) a movement along the drawn curve. B) no impact on the curve because the variable is not measured on either of the axes. C) a shift in the curve. D) either a shift in the curve or a movement along the curve, but more information is needed to determine which. E) None of the above answers is correct.
How has the severity and duration of business cycles changed over time in the United States?
What will be an ideal response?
Explain the difference between GDP and GDI
What will be an ideal response?